Finisar To Acquire Kodeos

Finisar Corp. (Nasdaq: FNSR) has agreed to acquire Kodeos Communications Inc., a South Plainfield, N.J.-based provider of optical transponders and subsystems. The deal is valued at $7 million in cash, plus the possibility of up to $3.5 million in earnouts for Kodeos shareholders and employees. Kodeos had raised around $24 million in VC funding from firms like Highland Capital Partners and JVP through 2005, and last year added new shareholders based on its acquisition of Intersymbol Communications. Those firms include Champaign-Urbana Fund, CID Equity Partners, Intel Capital, Intersymbol Investment Fund, Open Prairie Ventures, Telecommunications Development Fund and Venture Investors LLC. www.finistar.comwww.kodeos.com